Post Utme Lasu 2024 Accounting Question 35

Practice objective / multiple choice question 35 from the 2024 Post Utme Lasu Accounting examination.

Post Utme Lasu 2024 Accounting Objective / Multiple Choice
Question 35 POST_UTME_LASU • 2024 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. The asset has a cost of ₦50,000 and a useful life of 5 years. What is the annual depreciation?

Answer Options

A. ₦10,000
Correct Answer B. ₦8,000
C. ₦6,000
D. ₦4,000
Correct Answer
B
Correct Option:
₦8,000

About This Question

This is Post Utme Lasu 2024 Accounting Question 35. It is one of the objective questions from the 2024 Post Utme Lasu Accounting examination.

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